Ventnor Resources continues run of sulphide intersections at Thaduna-Green Dragon

THE DRILL SERGEANT: Ventnor Resources (ASX: VRX) has achieved further sulphide intersections during a recently completed deep drilling campaign at the company’s Thaduna/Green Dragon project, located north of Meekatharra in Western Australia.

Ventnor said all the holes from the latest deep drilling campaign intersected visible copper sulphide mineralisation.

The company highlighted the significance of the continued presence of high-grade bornite and primary chalcocite within the mineralised zones.

 

The positions of the holes plotted on a long-section. Source: Company announcement

 

“We are further encouraged by these recent holes as they have similar mineralogy to previous high grade intersections and extend the known zone,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.

“Bornite has become the high-grade indicator in the deeper drilling and the dominant mineralisation encountered.”

Ventnor explained that Bornite contains highignificant levels of copper and is potentially high-grade ore when encountered.

“We continue to intersect widths of sulphide that potentially are suitable for economic underground mining,” Maluish said.

The company is now waiting on assays it expects will be delivered shortly from an additional four shallow diamond holes, which were drilled below the Thaduna pit to provide geotechnical and metallurgical samples and indicate significant widths of mineralisation.

The additional assay results would be included in an update of the current 142,200 copper tonnes JORC Resource for Thaduna/Green Dragon.

“We will incorporate these new hits into our updated Resource model to be used in the Bankable Feasibility Study,” Maluish said.